Price rallied from demand, showing strong momentum until bearish divergence triggered a short-term reversal from the supply zone.
Now price approaches a bullish order block, aligning with the 61.8% Fibonacci retracement, offering high-probability long entries.
A bullish reaction here could fuel a reversal toward the previous high or even sweep the supply zone.
Now price approaches a bullish order block, aligning with the 61.8% Fibonacci retracement, offering high-probability long entries.
A bullish reaction here could fuel a reversal toward the previous high or even sweep the supply zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.